Sinopec Shandong Taishan Petroleum Co.,Ltd.’s Net Profit Rose 10.1% in 2022

Sinopec Shandong Taishan Petroleum Co.,Ltd. (中国石化山东泰山石油股份有限公司) (000554.SZ) reported a net profit of 9.1 million yuan in 2022, up 10.1% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 9.7% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.1%.